Fed minutes point to moderate easing

The latest Federal Reserve minutes suggest that the period of rapid monetary policy easing that started in late January may be over and could be replaced by a return to a more conventional, gradualist approach.

The minutes of the latest Fed monetary policy meeting on 18 March, released on Tuesday, further confirmed the view presented by senior officials of the Federal Reserve in recent days that the economy will start to recover in the second half of the year.

This indicates that the Fed, whic